Answer:
Step-by-step explanation:
a) Because you are only receiving $1500 and in exchange you would have to cover for this accident damage in the next year, which could be up to hundred of thousands of dollar. Sure there's a chance the your neighbor might drive safely, but the odds are far more in his favor than yours.
b) The insurance company collect payments from hundred of thousands buyers, making their cash flow up to tens of million dollar. Sure the expected value of accidents might be high but as a company they surely have capital to cover a handful of cases, if their calculation done right.
Answer:
Peyton's account will have $13,842.18 after a year.
Step-by-step explanation:
Given that Peyton received $ 12,700 and decided to invest it for a year in an account that grants an interest of 8.8% per year, compounded semiannually, to determine the amount of money that will be in said account after the passage of one year, it is necessary to perform the following calculation:
X = 12,700 (1 + 0.088 / 2) ^ 1x2
X = 13,842.18
Therefore, after a year has passed, Peyton's account will be $ 13,842.18.
Answer:
15+4.5+0.5=20
Alex bought 20 pounds of pet food
Step-by-step explanation:
Hope this helps!!
BTW...if y'all have any questions for school (it can be any grade level or subject) just comment here and I will get to it as soon as I can!! ❤
